(Federal-State Market News)

St. Joseph, Mo.

Aug. 9

RECEIPTS:      Auctions      Direct    Video/Internet       Total
This Week      148,700       94,200             6,200       249,100
Last Week      131,200       62,500           113,800       307,500
Year Ago       156,900       67,300            30,200       254,400

   Compared to last week, steers and heifers sold mostly steady to 2.00 higher.  Some 
offerings in the Northern Plains were 2.00 to 5.00 lower after last week’s sharp 
uptick, while some steers in the Southern Plains were 6.00 to 7.00 higher at special 
sales.  Pastures have not been damaged by the scorching summer heat in the Plains 
states like last year.  Ranchers are feeling blessed to be in this position at this 
point of time.  Several auctions across the country are readying themselves for a big 
run of feeders that normally start coming to town this time of year and buyers are 
ramping up for the influx.  Order buyers have their marching orders to buy feeders 
this week either at sale barns or in the country with several making trips to the 
Flint Hills and Osage grass country.  Cattle in those areas have gained well this 
grazing season and several strings of cattle have sold this week, with more in the 
coming weeks.  Bigger feeders were in demand on Thursday at Winter Livestock in 
Pratt, KS a load of steers weighing 898 sold at 151.10 while their 903 lb brothers 
sold at 149.50.  On Wednesday at Sheridan Livestock Auction Company in Rushville, NE 
two loads of 1023 lb steers sold at 141.00, while a couple part loads of 917 to 922 
lb heifers sold at a weighted average of 135.26.  CME cattle futures at mid-week had 
a tough day on Wednesday with sharp losses as traders enter the month of August. 
Follow through trading was also very weak on Friday as Feeder Cattle Futures closed 
over 3.00 lower on the September through November contracts.  Light trade on 
Wednesday in the Southern Plains at 111.00 mostly 1.00 lower than last week, while 
the bulk of dressed sales in Nebraska were mostly 2.00 higher at 185.00. Thursday 
live cattle futures recovered some losses with solid gains.  Boxed-beef values have 
strengthened in price this week mostly due to strength in the rib and very good beef 
demand.  For the week, the Choice cutout closed 2.56 higher at 214.73, while Select 
was 2.29 higher at 190.63.  Cattle Slaughter under federal inspection estimated at 
626K for the week, 28K less than last week and 2K more than a year ago.  Auction 
volume this week included 55 percent weighing over 600 lbs and 40 percent heifers.
Northwest Weighted Average Direct Feeder Cattle 
Weekly Summary WA-OR-ID-UT
Aug. 9
Receipts:  3,360      Last Week:  4,130    Year Ago:  1,054

   Compared to last week:  Feeder steers lightly tested, few sold steady.
No comparisons of current delivery heifers for a comparison.  Demand
moderate to good.  Cattle futures traded mostly on the positive side
this week.  Slaughter cattle trade has yet to develop for the week
at the time of this report.  Supply consisted of 100 percent over 
600 lbs. and 76 percent heifers.  Unless otherwise stated prices are 
FOB weighting points with 2-3 percent shrink or equivalent and a 5-10 
cent slide on calves and a 4-12 cent slide on yearlings from base 
weights.  Current sales are up to 14 days delivery. 

               Feeder Steers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price  Delivery
  120      850       850       135.00         135.00   Current Del   
   90      915       915       136.00         136.00   Current Del   
  600      925       925       137.00         137.00   Sep     Del   

                Feeder Heifers Medium and Large 1
 Head   Wt Range   Avg Wt    Price Range   Avg Price  Delivery
   65      800       800       131.00         131.00   Current Del   
  300      860       860       131.00         131.00   Current Del   
  200      920       920       130.00         130.00   Current Del   
  900      850       850       138.00         138.00   Aug-Sep Del   
 1085      850       850       138.00         138.00   Sep     Del   

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